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-class families face the distinct possibility of higher tax rates in january. with so many americans who are still struggling to find their economic footing after the deepest recession of our lifetimes, these looming tax hikes would be hard for those middle-class families and they are completely unnecessary. newspaper stories day after day on the so-called fiscal cliff often omit that the senate has passed legislation to shield 98% of families and 97% of small businesses from the income tax part of this so-called fiscal cliff. we passed the middle-class tax cuts act on july 25 of this year and we sent the measure to the house of representatives. did speaker boehner and the republicans in the house promptly pass this popular bill and send it to president obama for his signature? did they move to protect 98% of middle-class families from this tax hike in january? no. no. they decided to hold the middle-class tax cuts passed by the senate hostage in an attempt to push for tax cuts for the folks they care the most about, the top 2% of highest earning households. republicans fighting for millionaires a
pledge to not raise taxes? >> guest: it's not up to me to decide what violates and what doesn't but i don't think so. i think keeping tax rates where they are is the question and you can increase revenue without increasing the tax rate partly by that and a more efficient system. it distributes investments away from the nonproductive loopholes towards things that generate economic growth and that's something that paul ryan has been a leading advocate of. so i think this is a really smart proposal by the speaker, and it was -- i was pleased to see every republican. it wasn't just his name. it was extremely significant. hopefully the white house understands that means a unity of the republican leadership at that table, and if there's unity there i assure you there is in the republican conference. >> host: here's a letter to the white house with of the signatures of the leadership team including paul ryan of the budget committee. a lot of the callers have talked about the lack of detail in the proposal. what loophole deductions do you get rid of an order to bring in more revenue? >> guest: ag
duty increase, freezing tax are raising the personal allowance next year he thinks will be most benefit for the family? >> what i would say to my honorable friend is with have to take some difficult decisions. we've had to take difficult decisions on welfare of bring along tax breschel, operating but i try to help families were can with the personal allowance, with fuel duty. i've tried to help business. it will be extremely welcome. >> how can the chancellor seriously attend he -- [inaudible] when the 7 billion pounds he referred to today we take up to seven years to realize at the rate of 1000 a year against the rate of tax avoidance of 35 billion year? when the general anti-avoidance will be also refer to is far too narrowly drawn to be effective, and if you would listen to this, when he himself is actually now introducing a tax cut, tax havens from 23% to just 5%. >> what i would say is i don't think he's got the right figures. we are increasing the amount recovered of taxes that should have been paid from 13 billion under the labour government to 20 billion. it's an 11 billion poun
savings through the programs, address rising national expenditure. will have more to say on taxes, but we are ecstatic to have senator durbin here today who has played such a fundamental role over the last several years. been part of literally every negotiation that has taken place. he still an optimist, so i think that is a sign of progress. he has had a long history of being a champion and advocate for the middle class. he has carried that advocacy in the budget negotiations. part of the cu -- subcommittee, the gang of eight, became a six, almost every game that has been involved in these issues, and, but i think most importantly he has been a fighter for what's right and for having a plan that really stands true to the back of the american people and the people who voted and waited in line for hours, people who want a fair shake out of washington. and so, as a champion of that fair shake i'm excited to have senator durbin. [applause] >> neera, thank you very much for those kind words your elections as you say have consequences. politics is driven by a lot of things. candids that money
conversations] [laughter] we are talking about what extent a middle-class tax breaks for me to middle-class families. today at 2:00 p.m., people can ask the president questions on twitter with the hash tag my 2k. after that, this come in this afternoon from the president has a bilateral meeting with the prime minister of bulgaria and this is an important relationship with bulgaria. the president will deliver a speech about 4:00 p.m. commemorating the 20th anniversary of the threat reduction program, which as you know, was authored by richard lugar. it has resulted in a regime that allows us to achieve our the president's highest priorities, and that is to secure safety around the world. it is important have to remember that when it comes to these kinds of objectives, democrats and republicans, we can come together and see very important things come and the president looks forward to this. we also want you extend our congratulations to the duke and duchess of cameras that they are expecting their first child. >> i haven't had that conversation with them. in another they feel that havin
like we are today with the defense authorization bill but also other critical issues, including tax issues and spending issues and that's what i wanted to address today. we -- we have a lot of challenges and instead of pulling together, we seem to be pulling apart. and i'm specifically referring to some of the suggestions by some in the majority that we consider controversial and partisan rule changes that would marginalize minority members and doing it in a way that breaks the current rules to change the rules. and what i mean by that is, it takes 67 votes to change a rule here in the united states sena senate. that's a rule, by the way, that dates back to 1917. and the reason that's in place is because obviously, you know, folks wanted to force the majority and the minority to work together to make those rule changes. you don't get a two-thirds vote without that. and i think that's important, that the basic rules are ones that are agreed on. we tend to change parties a lot around here. in fact, we've shifted back and forth between republicans and democrats seven times in the past
and that is taxes and spending. more specifically the desire of the president as understand, governor, was to have a capital gains tax cut. but the democrats will only agree the overall rates were increased no such agreement could be reached and democrats retreated on the rate increases while selling for a limitation of tax deductions for higher income. i will give the recollection of the 1990 budget its pros and cons but more importantly what lessons from that experience can be applied today. i'm sure they will want to interact with each other. after opening comments you want to make and if time permits we will certainly opened up to you and the audience for any specific questions you might have to be i'd like to speak with the honorable former chief of staff at this time mr. sununu. welcome and thank you and we look forward to your views. >> thank you very much. [laughter] >> i think this is a very interesting coincidence in history and time to have us here discussing the 1990 budget agreement in what is happening today and i want to write from the beginning acknowledge what i believe was the ve
this summer in july, i guess it was july 24, a tax cut for middle-class families, meaning we would continue the tax rates for those families. that kind of certainty is badly needed right now. so one of the best things that could rap right now is the house could vote and the president would sign into law legislation that would provide certainty for middle-class families. 98% of american families, and some 97% of small businesses. so it's time for the house to act. secondly, i think we have to take steps to make sure that we're creating jobs at a faster pace, as i mentioned before. i'm introducing legislation today to help middle-class families and -- middle noik families and to boost hiring. it would expand the payroll tax cut from last year for one year and give employers a tax credit for hiring. and i'll be talking about that legislation. now, the payroll cut that we -- tax cut that we put into place last year had a number of benefits. i won't go through all of those today but the joint economic committee, the committee of which i'm the chairman, just put out a report in the last 24 hours,
. this is not complicated. we're not in this mes mess becae washington taxes too little. we're in this mess because washington spends too much. the american people know that and we're not going to get out of it until democrats get serious about real spending cuts and meaningful -- meaningful entitlement changes. so this morning i'd like to speak in a little more detail about why it is that we need to strengthen and protect these entitlement programs through reforms that match them up with the nation's changing demographics. democrats like to pretend as though they're the great protectors of social security, medicare, and medicaid. they make solemn pledges all the time about how they won't even entertain a discussion about reform. what they don't say is that ignoring these programs is the surest way to guarantee their collapse. all we're calling for is an honest conversation. we all know these programs are in trouble. let's figure out a solution. when it comes to entitlements, republicans are guided by a simple principle: we don't want americans to age into a system that no longer exists. we do not
dwindle and taxes are set to go up for millions of families and businesses, republicans in the house finally showed up at the negotiating table. and now we know why they've been holding their cards so close it their vest. their proposal would raise taxes on millions of middle-class families. their plan to raise $800 billion in revenue by eliminating popular tax deductions and credits would reach deep into pockets of middle-class families. republicans are so intent on protecting low tax rates for millionaires and billionaires, they're willing to sacrifice middle-class families' economic security to do so. at the first of the year, middle-class families, will get an average of $200 i,200 in additional taxes they'll have to pay. their proposal was short on specifics but we do know from independent analysis that it is impossible to raise enough revenue and make a dent in our deficit without using one of two things -- raising tax rates on the top 2% or raising taxes on the middle class. and, as my friend, the senior senator from missouri, said on the sunday talk shows, the speaker has to
the tax bills they are getting would benefit as well from something of a triage of the programs in the department of defense. we should ask the secretary of defense and the people who work with these programs to examine which programs in d.o.d. are the must haves, which are absolutely vital to our national security, and which programs are the need-to-have, the programs that might place our national security at some level of risk if they were to be altered and modified, and then also to have some painful examinations of programs that might be called the nice-to-haves, those that are essentially ancillary to the harder definitions of national security, even though they have been supported. and i would say that these -- the costly biofuels programs in the sense that we are proposing to fund them in the operational environment at this time would have to qualify as a nice-to-have. that does not mean that we should eliminate the biofuels. there is money in r&d to continue to examine them. but i tell you, mr. president, what a must have is. a must have is our ship-building program. whe
. they held him without bail on charges of evading taxes. after 11 months in custody, repeatedly being denied medical care, he died at age 37. russia's top investigative commission said he died of heart disease and hepatitis. he could have survived with basic medical care. a parallel report said he died because of a beating in prison. over time prison officials were dismissed but got jobs elsewhere. russian authorities occasionally raised the prospect of looking into this thing thoroughly but ignored evidence linking police officials to magnitsky's death. some of those involved even received medals for meritorious service by the russian government. sergei magnitsky's death is part of a troubling belief on human rights in russia. activists are harassed for speaking out against fraud, corruption or denial of basic rights. we saw what happened with sergei magnitsky when he tried to speak out against corruption. i'm saddened that the leadership of a great nation such as russia is resorting to these hideous tactics. they are a throwback to the soviet era, the worst of the soviet era. our fr
shipping and tax. + let me also tell you i have 927 at every one of these will definitely go $65 you go to the marilyn miglin institute in chicago or a department store and that is what you are spending today. nowhere else will you get the body butter. and the body splashes $22 separately. and the hand cream which is $15 protect we're looking at pretty much what hundred $50 value for the number-one selling fragrance one of the best specials you'll see throughout this season--you will see throughout the holiday season if there was ever a chance to try pheromone for $15 today is that day. this is not lay away. few pheromone and the full-size over 30 years and still going strong >>guest: she evokes wonderful compliments. these are so incredible we are sometimes speechless we do not know what to. you could be leaning over the delicatessen counter wearing. >>guest: lease don't think i am following you but i really want to know what your fragrance is ended.. that happens a lot. it is also nice for church it is elegant and sophisticated we also have a rich expensive perfume.i believe it is
of barry sudden drops in government expenditure and taxes on january 1 i could have a significant negative shock to the american and global economy. the other is the need for the united states to have a credible fiscal plan over the midterm to deal with what i think is a pretty serious long run fiscal situation. those issues often get mixed together. i would repeat what our finance minister said recently. i do think there solutions to the january 1 situation and a lot of common ground. i would think people would come to those solutions and not wait for a crisis. i hear some people talking about a budget accord. that kind of talk as lister you cannot, you go over a cliff, you cannot be sure what will happen next. with the collapse of lehman brothers, how icing major event can trigger a series of the event. i have every reason to believe these people will come to some kind of agreement on what to do. i also remain, notwithstanding all the difficulties the unit the -- the u.s. economy faces. i do not want to minimize them. this is still at its heart the most entrepreneurial, dynamic developed
they come right out of the pocket with 18, always 18 natural facets. when you find a perfect in the tax code it will have the 18 natural facets. >>host: i love the fact that the herkimer diamond mine is owned by a woman she is amazing. she is passionate6 c13 these beautiful stone and what she does.t the 2 stone we had a chance to catch up with rocker >> herkimer crystal is 500 million years old with the indirect route and in upstate new york formed it literally pushed silica salt and water and into the valley.crystallized into this little pocket.this is called a vug,andy commercially extract we tried to get something something larger than myself and the big pocket it lined with drusy. >>host: there you had it. there the science behind that it is fascinating and it is interestingtalk about these rocks that literally date back 500 million years. that is the outside and inside you have little pockets little cavities with the herkimer form in order for us to create the today's special you go through and sort only the best rough. this is best of the best. it top grade quality is not get be
times you can go to the well. small tax base, especially coming out of recession when receipts are down and then this hits. i think you make an important point. this committee won't be working with the -- so many of us, not by itself, west coast, east coast experience this, they will get very involved in the supplemental pick and i think you make a very important point about local management. thank you. and representative smith, last but not least, the floor is yours. >> thank you so much for convened a very timely and important hearing. madam chairman, hours after hurricane sandy made landfall in new jersey last month, i met with victims, elected officials and emergency responders to survey the damage of our coastal communities and i have about 20 that are right on the water. saw the devastation to lives, homes and businesses brought by this storm. i walked with the mayor of the day after, and the smell of gas, natural gas was so strong, so pungent that if any of us lit a match we would've had an explosion in many homes get burned down to nothingness. the courage and tenacity and resil
in the breaking his taxes pledge in order to get a deal with house and senate democrats. as amihai and paul pos mur the director of the administration program at george mason university and i want to welcome you to the session which we are calling looking back to move forward the 1990 budget summit revisited co-sponsored by george mason university and the bipartisan policy center. it's our pleasure to put this on and recognize with all the frenzy about the fiscal cliff that we have a history and some of that history is successful in resolving the deep seated choices within the budgeting. that is what we are going to look back and talk about today and see whether we can learn any lessons from that experience. we will go over the detailed program and a few minutes but i want first to introduce our keynote speaker tom davis many of you know and most of you know tom. thomas somebody i call a academic. he's covered many bases and was the county executive for fairfax county. he was the representative to washington from fairfax to the congress and became the chairman of the house government operations
that incumbent users are made whole. moreover, as part of the middle-class tax relief act of 2012, congress expanded the scope of funding from the relocation fund to include the costs of planning for relocation. i am confident that the pentagon and the larger federal government can more efficiently manage its spectrum holdings and make available additional spectrum to create jobs. i hope we can work this out and have it included as part of the defense authorization bill. i certainly believe it's an amendment that's important with regard to the issue that i mentioned and that is the reallocation, relocation of spectrum in this country to allow for multiple uses, obviously important private and commercial uses out there and enormous demand, that demand is is adding significantly to our economy and creating jobs for literally thousands and millions of americans. madam president, with that i yield the floor. the presiding officer: the clerk will call the roll. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from michigan. mr. levin: i ask fur
Search Results 0 to 17 of about 18